Glens Falls Hospital Self Ins Trust
Glens Falls Hospital Self Ins Trust consistently generates significant surpluses, growing assets to over $12.8 million with zero officer compensation.
EIN: 146139356 · Glens Falls, NY · NTEE: Y200 · Updated: 2026-03-28
Is Glens Falls Hospital Self Ins Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glens Falls Hospital Self Ins Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glens Falls Hospital Self Ins Trust
Glens Falls Hospital Self Ins Trust (EIN: 146139356) is a nonprofit organization based in Glens Falls, NY, classified under NTEE code Y200. The organization reported total revenue of $2.6M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glens Falls Hospital Self Ins Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glens Falls Hospital Self Ins Trust is a mid-size nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $11.9M |
| Net Assets | $11.9M |
| Operating Margin | 58.9% |
| Months of Reserves | 135.3 months |
Financial Health Grade: A
In 2024, Glens Falls Hospital Self Ins Trust reported a surplus of $1.5M with revenue exceeding expenses, holds 135.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Glens Falls Hospital Self Ins Trust's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.3% | -24.5% | +17.8% |
| 2023 | +15.0% | +202.0% | +12.2% |
| 2022 | -27.8% | -33.8% | +18.4% |
| 2021 | +30.2% | -76.5% | +43.0% |
| 2020 | -9.5% | +304.5% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glens Falls Hospital Self Ins Trust with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Glens Falls Hospital Self Ins Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that officers are not directly compensated by this trust, which is highly unusual for an organization of its size and financial activity and suggests a very lean operational structure or that compensation is handled by a related entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Glens Falls Hospital Self Ins Trust's IRS 990 filings:
- Lack of detailed program spending breakdown in typical charity format (due to NTEE code Y200, which is not a traditional charity type)
Strengths
The following positive indicators were identified for Glens Falls Hospital Self Ins Trust:
- Consistent revenue generation, with latest revenue at $2,643,394.
- Strong asset growth, reaching $12,827,678.
- Extremely low expense ratio relative to revenue in most years, indicating high efficiency.
- Reported 0% officer compensation, enhancing transparency and reducing administrative burden.
- Zero reported liabilities across all filings, indicating a very strong balance sheet.
Frequently Asked Questions about Glens Falls Hospital Self Ins Trust
Is Glens Falls Hospital Self Ins Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Glens Falls Hospital Self Ins Trust (EIN: 146139356) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Glens Falls Hospital Self Ins Trust spend its money?
Glens Falls Hospital Self Ins Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glens Falls Hospital Self Ins Trust tax-deductible?
Glens Falls Hospital Self Ins Trust is registered as a tax-exempt nonprofit (EIN: 146139356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Glens Falls Hospital Self Ins Trust a good charity?
Based on the provided financial data, Glens Falls Hospital Self Ins Trust appears to be a very financially sound and efficient organization. It consistently generates significant surpluses, has rapidly growing assets, and reports 0% officer compensation, which are all positive indicators. Its NTEE code suggests it functions as an insurance provider, likely for the hospital, which explains its financial structure rather than typical charitable program spending.
What is the primary purpose of this organization given its NTEE code Y200?
The NTEE code Y200 signifies 'Insurance Providers.' This suggests that Glens Falls Hospital Self Ins Trust likely functions as a self-insurance mechanism or captive insurance entity for Glens Falls Hospital, managing risk and providing insurance coverage for the hospital's operations, employees, or other related entities. This explains its revenue and expense patterns, which are more akin to an insurance fund than a traditional grant-making or service-providing charity.
How has the organization's asset base grown over time?
The organization's assets have shown remarkable growth, increasing from $4,371,435 in 201509 to $12,827,678 currently. This represents an almost threefold increase in assets over approximately nine years, driven by consistent revenue surpluses over expenses.
Filing History
IRS 990 filing history for Glens Falls Hospital Self Ins Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Glens Falls Hospital Self Ins Trust's revenue has grown by 63.6%, moving from $1.6M to $2.6M. Total assets increased by 456.5% over the same period, from $2.1M to $11.9M. Total functional expenses fell by 15.8%, from $1.3M to $1.1M. In its most recent filing year (2024), Glens Falls Hospital Self Ins Trust reported a surplus of $1.5M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $1.1M | $11.9M | $0 | — | View 990 |
| 2023 | $2.5M | $1.4M | $10.1M | $0 | — | View 990 |
| 2022 | $2.2M | $464K | $9.0M | $0 | — | View 990 |
| 2021 | $3.0M | $700K | $7.6M | $0 | — | View 990 |
| 2020 | $2.3M | $3.0M | $5.3M | $0 | — | View 990 |
| 2019 | $2.5M | $738K | $6.0M | $0 | — | View 990 |
| 2018 | $2.4M | $4.5M | $4.2M | $0 | — | View 990 |
| 2017 | $2.5M | $1.6M | $6.2M | $0 | — | View 990 |
| 2016 | $2.4M | $1.6M | $5.3M | $0 | — | View 990 |
| 2015 | $2.5M | $1.1M | $4.4M | $0 | — | View 990 |
| 2014 | $2.8M | $2.4M | $3.1M | $0 | — | View 990 |
| 2013 | $103K | $516K | $2.6M | $0 | — | View 990 |
| 2012 | $1.6M | $667K | $3.1M | $0 | — | View 990 |
| 2011 | $1.6M | $1.3M | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.6M, expenses of $1.1M, and assets of $11.9M (revenue +3.3% year-over-year).
- 2023: Revenue of $2.5M, expenses of $1.4M, and assets of $10.1M (revenue +15.0% year-over-year).
- 2022: Revenue of $2.2M, expenses of $464K, and assets of $9.0M (revenue -27.8% year-over-year).
- 2021: Revenue of $3.0M, expenses of $700K, and assets of $7.6M (revenue +30.2% year-over-year).
- 2020: Revenue of $2.3M, expenses of $3.0M, and assets of $5.3M (revenue -9.5% year-over-year).
- 2019: Revenue of $2.5M, expenses of $738K, and assets of $6.0M (revenue +6.6% year-over-year).
- 2018: Revenue of $2.4M, expenses of $4.5M, and assets of $4.2M (revenue -2.6% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.6M, and assets of $6.2M (revenue +0.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $1.6M, and assets of $5.3M (revenue -3.1% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.1M, and assets of $4.4M (revenue -10.5% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.4M, and assets of $3.1M (revenue +2650.8% year-over-year).
- 2013: Revenue of $103K, expenses of $516K, and assets of $2.6M (revenue -93.4% year-over-year).
- 2012: Revenue of $1.6M, expenses of $667K, and assets of $3.1M (revenue -0.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Glens Falls Hospital Self Ins Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.